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jack lew will be nominated secretary of the treasury replacing tim geithner. >> the cathedral in washington will host same-sex weddings. it will be among the first of the episcopal churches to allow same-sex weddings. each priest will make the decision. session opened amid controversy. and expressing reservations about the proposed legislation to leverage millions of dollars for school renovations. david collins has more. >> this is delightfully brown water. >> they greeted lawmakers on the return to the state house. they want to put a hold on drilling for natural gas until and unless they state completes a study of risks. legislatures were -- legislators were challenged to take a taste test. the 2013 session did not open quietly. they expressed reservations about the construction aid. it would use the funds to float bonds, to leverage to $0.40 billion for building repairs. >> is done in other states and is legal. it does not hurt the spending affordability of the state of maryland. it does not affect marylanders bond rating at all. the senate president replaced a member of the committee. s
jack lew will be nominated secretary of the treasury replacing tim geithner. >> the cathedral in washington will host same-sex weddings. it will be among the first of the episcopal churches to allow same-sex weddings. each priest will make the decision. session opened amid controversy. and expressing reservations about the proposed legislation to leverage millions of dollars for school renovations. david collins has more. >> this is delightfully brown water. >> they greeted...
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Jan 10, 2013
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. >> president obama's cabinet shuffle continued today when he nominated jack lew for treasury secretary. he will have to hit the ground running. the nation is society to hit the borrowing limit at the end of january. the president insists lew is ready. >> having lew on your team is the equivalent of a culture to have the luxury of putting anyone in a position and knowing he will do well. >> president obama considered resending the nomination after seeing lew's signature which would be on all currency if confirmed. rick santorum is launching a campaign to defeat the nomination of rick hagel. he says hagel "antiisrael pro iran mindset makes him unqualified for the pentagon job." president obama nominated hagel on monday. >> we're now learning that it sequestration could mean a month-long furlough for civilian employees at the military. the plan requires $45 billion in budget cuts including a 15% cut in payroll. the pentagon says they are studying other options. >> the race is on for a new location for the f.b.i. political leaders from virginia are making their pitch to replace the hoover
. >> president obama's cabinet shuffle continued today when he nominated jack lew for treasury secretary. he will have to hit the ground running. the nation is society to hit the borrowing limit at the end of january. the president insists lew is ready. >> having lew on your team is the equivalent of a culture to have the luxury of putting anyone in a position and knowing he will do well. >> president obama considered resending the nomination after seeing lew's signature which...
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Jan 10, 2013
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today president obama will nominate jack lew for treasury secretary. currently the chief of staff steps into the job at a very critical time. his experience as an administration insider and budget grew will be quickly put to the test. -- budget guru will quickly be put to the test. lawmakers me to address the automatic spending cuts they put off in order toch a last- minute fiscal cliff deal. lew may be getting a lot of attention for this his signature that will soon be put on newly-printed money. >> are you working on his signature? >> not that i am aware of. >> this is also drawing criticism. for the first time in years, all the cabinet positions will be held by men. john brennan at the cia and john kerry secretary of state. "the new york times" published this photograph yesterday. only men are visible. the white house fired back. >> women serve a key position and policy here as they do in the administration. overall 43% of his appointees have been women, including two high-profile supreme court justices. >> as the gun control debate heats up, price
today president obama will nominate jack lew for treasury secretary. currently the chief of staff steps into the job at a very critical time. his experience as an administration insider and budget grew will be quickly put to the test. -- budget guru will quickly be put to the test. lawmakers me to address the automatic spending cuts they put off in order toch a last- minute fiscal cliff deal. lew may be getting a lot of attention for this his signature that will soon be put on newly-printed...
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Jan 10, 2013
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. >> right now in washington, president obama has officially nominated jack lew for treasury secretary. that announcement was made last than half an hour ago. he is if line to replace geithner. last year, he was chosen to be the president's chief of staff and has a reputation as a tough marketers. republicans claim he is few unyielding in past fiscal negotiations but he will unlawful be nominated for secretary of penmanship. can you read that signature? can you read that signature? it will be appearing on all u.s. money if he is confirmed and he will try to improve his handwriting. >> can we forge that? same reason i could never be treasury secretary, either. >> that was interesting. glad he doesn't write prescriptions. now, going outside, you can see the clouds are out there. i will keep the showers in the forecast going today and the cold air comes in tonight with the showers and that is the lingering legacy of the storm system and a chance of showers during the 49ers and packers playoff game. i will give you an update on that. >> the oscar nominations are out and we will go >> movie
. >> right now in washington, president obama has officially nominated jack lew for treasury secretary. that announcement was made last than half an hour ago. he is if line to replace geithner. last year, he was chosen to be the president's chief of staff and has a reputation as a tough marketers. republicans claim he is few unyielding in past fiscal negotiations but he will unlawful be nominated for secretary of penmanship. can you read that signature? can you read that signature? it...
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Jan 11, 2013
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. >> president obama nominated his chief of staff jack lew to serve as next treasury-secretary. he touted his past work. the budget ran a surplus during his tha time. he is going to replace tim geithner. >> if confirmed i look forward to joining the treasury department whose people are legendary with skill knowledge. >> lew became president obama's chief of staff last year and has a reputation of a tough bargainer but republicans say he has been too unyielding in past negotiations. >> it nearly fell through because of lew's signature. you can see it. that signature would appear on all u.s. paper money if he is confirmed. president obama said he never noticed it at before, he quote, considered rescinding the offer. he says he will try to improve his handwriting. >> do they still teach penmanship? >> sleeping pills that millions of americans use. >> plus, this animal has caused a lot of frantic 911 calls. is it a baby lion or a dog? we'll introduce you to him up next. >> and i'm sandhya patel. skies are clearing out. the chill is moving in. get ready for a freezing cold night. fre
. >> president obama nominated his chief of staff jack lew to serve as next treasury-secretary. he touted his past work. the budget ran a surplus during his tha time. he is going to replace tim geithner. >> if confirmed i look forward to joining the treasury department whose people are legendary with skill knowledge. >> lew became president obama's chief of staff last year and has a reputation of a tough bargainer but republicans say he has been too unyielding in past...
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Jan 10, 2013
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. >> jack lew will not be nominate ed for secretary of penmanship so the new signature could come to your >> fremont, palo alto and all the bay area this is abc7 news. >> good thursday morning. the embarcardero, san francisco, ferry building, gorgeous shot. no action for you expected here in san francisco. mike nicco is checking out would might be seeing some showers in the next few hours and maybe a little snow. he will check out live doppler 7 hd for you coming up. >> the accreditation of city college in san francisco is on the line. officials need more time for a report. drastic changes are needed to keep their accreditation or the school loses federal funding and may have to close. a trustee says they may not have enough time to comply with 14 recommendations by the march 15 deadline. the school is seeking to extend the deadline to offer the report. >> the kings may move to seattle in a $500 million deal. yahoo is reporting they would sell to san francisco-based investor and someone from microsoft. seattle lost the sonics when they moved to oklahoma city and johnson used to play
. >> jack lew will not be nominate ed for secretary of penmanship so the new signature could come to your >> fremont, palo alto and all the bay area this is abc7 news. >> good thursday morning. the embarcardero, san francisco, ferry building, gorgeous shot. no action for you expected here in san francisco. mike nicco is checking out would might be seeing some showers in the next few hours and maybe a little snow. he will check out live doppler 7 hd for you coming up. >>...
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Jan 10, 2013
01/13
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KOFY
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. >> right now in washington, president obama has officially nominated jack lew for treasury secretary. that announcement was made last than half an hour ago. he is if line to replace geithner. last year, he was chosen to be the president's chief of staff and has a reputation as a tough marketers. republicans claim he is few unyielding in past fiscal negotiations but he will unlawful be nominated for secretary of penmanship. can you read that signature? can you read that signature? it will be appearing on all u.s. money if he is confirmed and he will try to improve his handwriting. >> can we forge that? same reason i could never be treasury secretary, either. >> that was interesting. glad he doesn't write prescriptions. now, going outside, you can see the clouds are out there. i will keep the showers in the forecast going today and the cold air comes in tonight with the showers and that is the lingering legacy of the storm system and a chance of showers during the 49ers and packers playoff game. i will give you an update on that. >> the oscar nominations are out and we will go ron: yea
. >> right now in washington, president obama has officially nominated jack lew for treasury secretary. that announcement was made last than half an hour ago. he is if line to replace geithner. last year, he was chosen to be the president's chief of staff and has a reputation as a tough marketers. republicans claim he is few unyielding in past fiscal negotiations but he will unlawful be nominated for secretary of penmanship. can you read that signature? can you read that signature? it...
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Jan 8, 2013
01/13
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FOXNEWSW
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jack lew would replace timothy geithner if confirmed. prior to this role he was the direct are to you of office of management and budget. before that lew was the first deputy secretary of state and management resources. martha: washington is still reeling from the president's nomination of chuck hagel as the next secretary of defense. new hampshire senator kelly ayotte, one of a chorus of critics slamming the former nebraska senator. she says this. while i deeply respect senator hagel's service in vietnam i'm concerned by several boxes he took as senator, longstanding opposition to increase iran sanctions and his regarding hezbollah and hamas as well as our close al eye israel. senator hagel has one big fan, he has a lot of fans. this one is raising eyebrows the rogue nation of iran. a foreign ministry spokesman calls the nomination, a sign of quote, practical change to american foreign policy. he predicts that if hague bell is appointed relations between the united states and iran will improve. israel is striking a different tone. they
jack lew would replace timothy geithner if confirmed. prior to this role he was the direct are to you of office of management and budget. before that lew was the first deputy secretary of state and management resources. martha: washington is still reeling from the president's nomination of chuck hagel as the next secretary of defense. new hampshire senator kelly ayotte, one of a chorus of critics slamming the former nebraska senator. she says this. while i deeply respect senator hagel's service...
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Jan 10, 2013
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jack lew with replace geithner. he is currently the chief of staff. he previously served as budget director and was an executive at citigroup. >>> a crazy new signature will be on our money if the president gets his way of this is how jack lew signs his name. the white house says he has no plans to improve his penmanship so start checking the ones. >>> vice president joe biden will meet today with the national rifle association and executives from walmart one of the nation's biggest gun retailers. cbs reporter susan mcginnis says, this is part of a series of meetings this week in an effort to change gun control laws. >> reporter: customers outside washington, d.c. say they are keeping a close eye on gun cell talks taking place inside the beltway. >> i don't think restricting, you know, people's right to -- second amendment rights would be a solution here. >> reporter: cbs news has learned the white house is looking at several new laws including reinstating the assault weapons ban that expired in 2004, extending criminal and mental health background ch
jack lew with replace geithner. he is currently the chief of staff. he previously served as budget director and was an executive at citigroup. >>> a crazy new signature will be on our money if the president gets his way of this is how jack lew signs his name. the white house says he has no plans to improve his penmanship so start checking the ones. >>> vice president joe biden will meet today with the national rifle association and executives from walmart one of the nation's...
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Jan 10, 2013
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obama is expected to nominate his chief of staff jack lew to be the secretary of treasury. lieu was the director of the office of management and budget during the clinton administration. back then he helped negotiate a balanced budget deal with congress. if confirmed lew will replace timothy geithner. and labor secretary hilda solis announced she is resigning. she's expected to return to california. she's running for board on the county board of supervisors. three are staying on. eric holder, kathleen sebelius and eric shinseki are staying on. >>> this year's deadly flu outbreak is worsening nationwide. the flu is so bad in boston the city has declared a public health emergency. free vaccinations are now being offered. ines ferre has our report. >> reporter: the flu hasn't been this bad in boston for years, more than 700 cases have been confirmed so far and statewide 18 people have died. city health officials are preparing for it to get worse. >> in the last two weeks alone we've doubled our number. so if we continue this rate to see new cases, we'll have an explosion of fl
obama is expected to nominate his chief of staff jack lew to be the secretary of treasury. lieu was the director of the office of management and budget during the clinton administration. back then he helped negotiate a balanced budget deal with congress. if confirmed lew will replace timothy geithner. and labor secretary hilda solis announced she is resigning. she's expected to return to california. she's running for board on the county board of supervisors. three are staying on. eric holder,...
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Jan 11, 2013
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. >>> reaction to jack lew's nomination to be the next secretary treasurer is predictably falling along party lines. most agree lew will be confirmed by the senate. president obama officially nominated him yesterday. he's currently chief of staff. he said he trust lew's friendship and values his judgment. we'll take a quick break on a friday morning. >>> coming up on the "morning news," life follows art. a snake on a plane clings to a wing on a frigid two-hour flight. we'll find out if there's a hollywood ending when we come back on the "morning news." people don't realize that taxes and health care are connected. the affordable care act means big changes this year... when you file your taxes. i read the whole 900 pages. it literally took me weeks. i will give you a tax and health care review. i know the law. i have the solution... and i can help you figure it out. we're going to see this through together. capella university understands many schools don't have the resources they need. bright students are getting lost in the shuffle. and administration's work gets more complex every year
. >>> reaction to jack lew's nomination to be the next secretary treasurer is predictably falling along party lines. most agree lew will be confirmed by the senate. president obama officially nominated him yesterday. he's currently chief of staff. he said he trust lew's friendship and values his judgment. we'll take a quick break on a friday morning. >>> coming up on the "morning news," life follows art. a snake on a plane clings to a wing on a frigid two-hour...
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Jan 10, 2013
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today president obama is expected to nominate his chief of staff jack lew as secretary of treasury. he helped balance a budget deal with congress. if confirmed lew will replace timothy geithner. and hilda solis announced she's resigning. she's leaving for california and is expected to run for board on the county supervisors. eric holder, kathleen sebelius and eric shinseki are staying on. >>> this year's flu outbreak is wiegd. it declared a public health emergency. free vaccinations are now being offered. ines ferre reports. >> reporter: the flu hasn't been this bad in boston for years, more than 700 cases have been confirmed so far and statewide 18 people have died. city health officials are preparing for it to get worse. >> in the last two weeks alone we doubled our number. if we continue this rate to see new cases, we'll have an explosion of flu in the city of boston. we really need to get ahead of this at this point in time. >> reporter: but it's not just massachusetts. cbs confirms the 48 states. >> we're seeing patient volumes and acuity levels greater than the peak of the h1n
today president obama is expected to nominate his chief of staff jack lew as secretary of treasury. he helped balance a budget deal with congress. if confirmed lew will replace timothy geithner. and hilda solis announced she's resigning. she's leaving for california and is expected to run for board on the county supervisors. eric holder, kathleen sebelius and eric shinseki are staying on. >>> this year's flu outbreak is wiegd. it declared a public health emergency. free vaccinations...
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it's hard to know where to begin. >> jack lew has a symbolic squiggly signature. if he cares about his legacy if he cares that people can read his handwriting, he'll adjust his handwriting and be more transparent. >> the white house won't say whether or not lew will work on his penmanship. they say it's easy to forge. not a comforting thought when you think about a treasury secretary. if you're thinking, well, my signature has issues of its own. nobody has asked me to be treasury secretary and definitely never will. >> thank you, major. what's interesting about this is why does he sign his name that way? >> i don't know, charlie. i was trying to figure out which is the j, which is the "a." you can't tell. do you think he'll change >>> we drink coffee in the >>> we drink coffee in the morning to help us wake up. did you know that coffee might also fight off depression? we'll show you how many cups you may need to stay happy next. >>> and tomorrow cbs news investigates an outbreak of legion nars disease y. would they imply that veterans families are to blame? that's
it's hard to know where to begin. >> jack lew has a symbolic squiggly signature. if he cares about his legacy if he cares that people can read his handwriting, he'll adjust his handwriting and be more transparent. >> the white house won't say whether or not lew will work on his penmanship. they say it's easy to forge. not a comforting thought when you think about a treasury secretary. if you're thinking, well, my signature has issues of its own. nobody has asked me to be treasury...
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Jan 10, 2013
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CNN
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first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief operating officer role. in that, jack has been exposed to every type of policy and issue and regulation. it's a huge gambit of issues and terrain that he is an expert on the depth he can bring on a number of issues, especially economic policy. >> that makes lew more than qualified to negotiate the debt debates and republicans in congress. wall street doesn't like him so much. who cares what wall street thinks. to many that makes him more palatable. the president made the right choice with tim geitner because the world was teetering on financial collapse. he knew the ins and outs of wall street a
first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief...
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Jan 4, 2013
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jack lew who is the current chief of staff at the white house, is on the list for that job. and then finally the cia, john brennan, the president's adviser for homeland security, is on the short list, michael morell who is the acting director of the cia also on the list. so, the president has some important key positions to fill, and, again, we expect that that could start rolling out as early as next week, ashleigh. >> okay, dan. i hope you get some sunshine while you're there at least a little bit. dan lothian live for us. >> reporter: i hope so, too. >> in hawaii. it's a good assignment, you got to admit. >>> i want to take everybody to the big board, this is cold new york, and the dow is reading up a wee bit perhaps sense christine romans' report the dow reacted nicely, but we're at least out of negative territory albeit by just a fraction. i'll take you live to the new york stock exchange a little later on in this hour. >>> so, we've been hearing all along that former arizona congresswoman gabrielle giffords had made plans to visit newtown, connecticut, today. we're not
jack lew who is the current chief of staff at the white house, is on the list for that job. and then finally the cia, john brennan, the president's adviser for homeland security, is on the short list, michael morell who is the acting director of the cia also on the list. so, the president has some important key positions to fill, and, again, we expect that that could start rolling out as early as next week, ashleigh. >> okay, dan. i hope you get some sunshine while you're there at least a...
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Jan 6, 2013
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white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim guy earthquake in the current head of the treasury, smektsed to leave around the time of the inauguration. the void left by david petraeus as head of the cia could be filled by john brennan. he is currently a counterterrorism and homeland security adviser at the cia. >>> along with the new year comes new, higher prices, on all sorts of things. we will show you technology to help you save. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? to get our adt security system. and one really big reason -- the house next door. our neighbor's house was broken into. luckily, her family wasn't there, but what if this happened here? what if our girls were home? and since we can't monitor everything 24/7, we
white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim guy earthquake in the current head of the treasury, smektsed to leave around the time of the inauguration. the void left by david petraeus as head of the cia could be filled by john brennan. he is currently a counterterrorism and homeland security adviser at the cia. >>> along with the new year comes new, higher prices, on all sorts of things. we will show you technology to help you save....
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Jan 12, 2013
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we have jack lew for u.s. treasury who we already have -- we see very stiff opposition to. and the president surely knew that going in. there have been reports that mr. lew was quite controversial when it came to the debt ceiling negotiation, that the other side did not find him to be sort of someone negotiating in good faith. he went on sunday shows, said the budget needed 60 votes to pass, for example, which is clearly -- it's either intentionally misleading, or he doesn't understand the legislative process. then of course you have chuck hagel. there is controversy on both the left and the right, rather right and the left over that nomination. so this president, it seems like he's pushing the envelope with these nominees. and your producers also pointed out no women. >> been called the band of brothers, a couple of articles have described it that way. maria, what's your take? >> well, i'm not worried about the "controversial nature" of these appointees. i think they will get through. and the white house feels pretty confident that they will get through. but i absolutely a
we have jack lew for u.s. treasury who we already have -- we see very stiff opposition to. and the president surely knew that going in. there have been reports that mr. lew was quite controversial when it came to the debt ceiling negotiation, that the other side did not find him to be sort of someone negotiating in good faith. he went on sunday shows, said the budget needed 60 votes to pass, for example, which is clearly -- it's either intentionally misleading, or he doesn't understand the...
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i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. at the center for american economic policy. he is committed to defending the safety net for the elderly and the pour. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my professional life in this world of public policy and public service. as all of you know, our family carried a large share of the burden that we share in public like. i am incredibly proud that my wife and my family have been willing to allow me to do this and i think them for their support and their patience, and i understand their occasional impatience. [laughter] i want to express my admiration for the men and women of the treasury department. those who serve you during these years of crisis, and the civil
i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. at the center for american economic policy. he is committed to defending the safety net for the elderly and the pour. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal...
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Jan 11, 2013
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unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to take given that he was intimately involved in bank rescue operations over the past several years? and what kind of job could he take in the post-crisis world and still be eligible to come back into government if he wanted? fed chairman ben bernanke, he's expected to move on after his term expires in 2014, and geithner would clearly be someone the president would consider. according to sources, geithner wouldn't want the job but the president has been very successful in getting geithner to do things he hasn't wanted to, like stay on treasury for an extra year or two and geitner has been making ab
unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to...
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Jan 10, 2013
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perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by discussing some cuts in defense and then examples of scaling back things like something called the great lakes restoration initiative. not eliminating it, just cutting it by maybe a quarter of its present cost. a sav
perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by discussing some cuts in defense and then examples of scaling back things like something called the great lakes restoration initiative. not eliminating it, just cutting it by maybe a quarter of its present cost. a sav
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Jan 10, 2013
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it is up to the united states senate whether or not to confirm jack lew. the white house is selling this as a transition. that, by the way, is construction for the or parade here, the inaugural parade, if you heard the loud crash. the transition that you have now from really a rescue job that treasury secretary geithner was asked to do at the beginning of the administration now to one of budgeting. jack lew, the budget chief in the clinton administration, in the obama administration in the white house is basically saying that's why they chose him, the mastery of the federal budget. >> jack knows that every number on a page, every dollar we budget, every decision we make has to be an expression of who we wish to be as a nation. our values. the values that say everybody gets a fair shot at opportunity. and says that we expect all of us to pull fill our or individual obligations. >> reporter: republicans say that the lack of willingnesses to address entitlement spending and saying signals that the president -- this is senator mike lee -- will continue to purs
it is up to the united states senate whether or not to confirm jack lew. the white house is selling this as a transition. that, by the way, is construction for the or parade here, the inaugural parade, if you heard the loud crash. the transition that you have now from really a rescue job that treasury secretary geithner was asked to do at the beginning of the administration now to one of budgeting. jack lew, the budget chief in the clinton administration, in the obama administration in the...
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Jan 11, 2013
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professor black, your assessment of jack lew? >> on financial matters, jack lew has been a failure of pretty epic proportions. he gets promoted precisely because he is willing to be a failure, and is a useful to wall street interests. so you have mentioned two of the things in terms of most important and most destructive deregulation under president clinton by statute. but he was also there for much of the regulation by rule and strong proponent of it, and he was there for much of the cutting of staff, for example, the fdic lost three-quarters of its staff and a huge loss began under clinton. and the whole reinventing government, lou was a strong supporter of that. we were taught, instructed by washington that we were to refer to banks as our clients and our role as regulators, and to think of them as clients. he goes from there to wall street where he was a complete failure. you noted that part of what citicorp did was a bet that housing would fall. that is one of their winning bets. the action made a bunch of losing bets as wel
professor black, your assessment of jack lew? >> on financial matters, jack lew has been a failure of pretty epic proportions. he gets promoted precisely because he is willing to be a failure, and is a useful to wall street interests. so you have mentioned two of the things in terms of most important and most destructive deregulation under president clinton by statute. but he was also there for much of the regulation by rule and strong proponent of it, and he was there for much of the...
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and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed jack's signature. and when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to work to make at least one lett lett letter legible, should he be confirmed as secretary of treasury. >> this is what his signature would actually look like on the dollar bill. that's just awful. >> is it third grade when they focus on your handwriting skills and penmanship? maybe he can sit in on a class. >> the treasury secretary wants to audit your class. >>> nine minutes past the hour. yesterday we brought you the l
and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed...
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what would your message be to the new secretary, jack lew? >> my message to jack, as well as what novartis said to the president is to get on to -- what i have already said to the president is to get on with solving the fiscal cliff issue. there are some big deadline's coming up in march between sequestration and the budget resolution as well as the bigger issue around the debt ceiling. and then we need to get to the longer-term issues in terms of where america is going, and that starts with tax reform as well as immigration issues and infrastructure issues. >> i hear the same message from business people across the country. we need more certainty from washington if we're going to kick start growth in this economy. is washington helping or hindering in a bid to bring unemployment down in the country? >> being the optimist that i am, i say washington is attempting to help. what was passed at the end of the calendar year was a good first start. but there's a lot more that needs to be done. they are helping. if we can get past some of the partis
what would your message be to the new secretary, jack lew? >> my message to jack, as well as what novartis said to the president is to get on to -- what i have already said to the president is to get on with solving the fiscal cliff issue. there are some big deadline's coming up in march between sequestration and the budget resolution as well as the bigger issue around the debt ceiling. and then we need to get to the longer-term issues in terms of where america is going, and that starts...
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lew the individual and what jack lew has stood for historically in his career and more about this administration's fiscal policy you can expect to see these confirmation hearings will be a proxy for the looming debt ceiling debate and other debates going forward about the administration's fiscal plan. >> woodruff: jared, whator all does this choice say about what the president's priorities are when it comes to the economy? >> i think it says two things. one is that the president wants jack lew there for these upcoming fiscal deadlines. the sequestration the debt ceiling, things like that. he knows that jack is not just a tough negotiator and i think this next point has gotten mixed he's a successful negotiator. i know republicans are complaining because he took a tough line back in 2011 with a lot of tea party folks but in fact he's been closing deals for 30 years the second thing is jack understands what it means a very important part of the president's second term agenda. he understands what it means to get our debt on a sustainable trajectory. there's a lot that has to happen for that to occur.
lew the individual and what jack lew has stood for historically in his career and more about this administration's fiscal policy you can expect to see these confirmation hearings will be a proxy for the looming debt ceiling debate and other debates going forward about the administration's fiscal plan. >> woodruff: jared, whator all does this choice say about what the president's priorities are when it comes to the economy? >> i think it says two things. one is that the president...
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there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the u.s. spends more on health care per person compared to other high-income nations, but that doesn't translate to healthier lives, according to a report from the national academy of sciences. read more about the findings on our health page. and poet richard blanco has been chosen to compose and read an original poem for president obama's second inaugural. he is the first hispanic and first gay poet selected for that honor. you can hear him recite some of his work on art beat. all that and more is on our web site newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on thursday, we'll exami
there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the...
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jack lew, does he change things? obviously, we know he's in favor of big government, big spending, probably face a big fight for his confirmation. jack, do you think that changes anything for your markets outlook? >> it doesn't for me. i think the biggest change we're going to see right away is just new signatures on our currency. beyond that, you know, the treasury has at least under geithner in the second term here has really sort of backed away from center stage giving, handing the baton mostly to the fed. you know, whether lew takes a more activist role, he certainly is an obama loyalist, remains to be seen. i will say, you know, there's probably a little more contention in washington surrounding jack lew than there is, perhaps, on wall street right now. ashley: all right, jack. let me bring you in -- david, i'm sorry. jack, you had, we've heard from you. let's bring in david on where investors can make money in this market. what do can you like spa why? -- and why? >> sure. well, i'll make a comment on commoditi
jack lew, does he change things? obviously, we know he's in favor of big government, big spending, probably face a big fight for his confirmation. jack, do you think that changes anything for your markets outlook? >> it doesn't for me. i think the biggest change we're going to see right away is just new signatures on our currency. beyond that, you know, the treasury has at least under geithner in the second term here has really sort of backed away from center stage giving, handing the...
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we talked about jack lew. i can not. we have to go for this. take a look at the signature that will be on the new dollar bill, new treasury secretary's signature. do we have it? ashley: there it is. look at that. >> you know. ashley: oh, boy. >> she just said it all. the other thing i was going to say, alexander hamilton has to be rolling in his grave with that signature. ashley: look at that. lori: loop de loop. >> ever seen my hand writing? better than that what. ashley: charlie gasparino, as always thanks so much, charlie. high taxes are forcing high-tech company to hoard billions of dollars overseas, investments that could be used here in the u.s. liz macdonald is digging into the numbers and joins us ahead. lori: damage gets galore -- gadgets galore at the consumer electronics show in las vegas. liz is on it. >> shibani and i are going at. these are the first small electric vehicle motorized skates. they are wireless. 700 bucks. she is doing great. not going 10 miles-an-hour but not bad. gadget wars coming up. ashley: top electronic compan
we talked about jack lew. i can not. we have to go for this. take a look at the signature that will be on the new dollar bill, new treasury secretary's signature. do we have it? ashley: there it is. look at that. >> you know. ashley: oh, boy. >> she just said it all. the other thing i was going to say, alexander hamilton has to be rolling in his grave with that signature. ashley: look at that. lori: loop de loop. >> ever seen my hand writing? better than that what. ashley:...
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jack lew. >> men. >> they are all men, aren't they do they do have something in common. there is no talk about what women will repopulate the cabinet. we will lose hillary clinton. women are saying gosh, this is becoming all boy's club. that isn't what we were promised with president obama. laura ingraham had thoughts on the hypocrisy. >> the president made a big deal, big splash? 2004 we are not red, white, or blue united states of america. that was refreshing. beaten counting in washington. the president has got himself in trouble on his own, right? because he made such a big deal of well, we are diverse and have diversity. how about just have excellence. women black or gay or straight it doesn't matter. if they are excellent appointees and smart and knowledge being and can offer something to the american people isn't that what we deserve. >> >> who cares how many one legged is a is a who cares? whether they are impressive or not. >> if it were 100% white men all whom were excellent i would say maybe he is not getting a woman's progressive. >> what about all women? >>
jack lew. >> men. >> they are all men, aren't they do they do have something in common. there is no talk about what women will repopulate the cabinet. we will lose hillary clinton. women are saying gosh, this is becoming all boy's club. that isn't what we were promised with president obama. laura ingraham had thoughts on the hypocrisy. >> the president made a big deal, big splash? 2004 we are not red, white, or blue united states of america. that was refreshing. beaten...
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jack lew has a clean slate. let's hope he uses it to get america out of this hole. before we go tonight, let's look at the day on wall street. it was a winner of a session today once again, this market wants to go higher and it did. up 80 points on the industrial average. the nasdaq up about 16 points, technology, one of the winning sectors and the s&p higher by better than 11 points. that will do it. hope you follow my on twitter and google plus. have a fantastic night. i'll see you tomorrow. but first, stay with cnbc. here's "fast money," it begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. banking on financials. wells fargo kicks off earnings season tomorrow. will the banks be big winners again in 2013? lumia lift? nokia surges on better than expected sales. should you be buying the hype? and debt threat. the queen of wall street gives her take on how the debt ceiling debate will effect your bond portfolio. first, our top story. stocks jumping to five-years highs. so, we ask, were you a buyer or seller today?
jack lew has a clean slate. let's hope he uses it to get america out of this hole. before we go tonight, let's look at the day on wall street. it was a winner of a session today once again, this market wants to go higher and it did. up 80 points on the industrial average. the nasdaq up about 16 points, technology, one of the winning sectors and the s&p higher by better than 11 points. that will do it. hope you follow my on twitter and google plus. have a fantastic night. i'll see you...
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white house chief of staff jack lew is said to be high on the list. the irs will accept 2012 tax returns starting january 30th, 8 days later than planned due to tax law changes in the fiscal cliff bill. now for an early look at how alcoa's earnings could affect today's trading. larry shover of sfg alternatives joins us. and what do you think here larry? > > yesterday's number was good. most people weren't expecting them to beat on revenue. but they beat by quite a bit. people were maybe thinking earnings per share, that could be better. but that is a good thing for the market, a good thing for the materials sector. i think it is going to give a lot of confidence going forward. > the stock market pulled back yesterday. should investors be concerned about that, or is it just one of those things that has to happen here? > > let's look at what happened. we had a gigantic rally january 2nd. right now we are just digesting and consolidating those gains. we are seeing correlations break down, which means certain groups are doing better than others. people ar
white house chief of staff jack lew is said to be high on the list. the irs will accept 2012 tax returns starting january 30th, 8 days later than planned due to tax law changes in the fiscal cliff bill. now for an early look at how alcoa's earnings could affect today's trading. larry shover of sfg alternatives joins us. and what do you think here larry? > > yesterday's number was good. most people weren't expecting them to beat on revenue. but they beat by quite a bit. people were maybe...
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." >>> president obama named jack lew for budget secretary. some republicans are skeptical say the lew was less than honest about president obama's budget and its effects on the nation's debt. >>> the district is joining 18 states that have approved medical marijuana. in march those identified by the department of health will be able to buy up to 2 ounces of pot a month. here's fox 5's beth parker with our first glimpse into one of the dispensaries. >> reporter: it looks like a typical high end office, but you'll notice a lot of cameras around here, serious security. >> it's got the same kind of level security as in a bank. >> reporter: that's because this is capital city care, one of d.c.'s first medical marijuana dispensaries. es. >> you essentially just walked in the front door. this is the initial receptionist counter. >> reporter: david guard is the general manager who will oversee the upcoming opening. there's no marijuana here yet, but guard says they're already ready. >> i'm thrilled because i've seen it happen. i've seen ms patients i
." >>> president obama named jack lew for budget secretary. some republicans are skeptical say the lew was less than honest about president obama's budget and its effects on the nation's debt. >>> the district is joining 18 states that have approved medical marijuana. in march those identified by the department of health will be able to buy up to 2 ounces of pot a month. here's fox 5's beth parker with our first glimpse into one of the dispensaries. >> reporter: it...
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president obama is expected to nominate white house chief of staff jack lew as secretary of the treasury. he's known as a tough bargainer. some republicans complained that he has been too unyielding on negotiations. his signature will have to be emblazoned on u.s. dollar bills. but you might not be able to read it because his signature is notoriously illegible. >> virginia governor bob mcdonnell urged lawmakers to implement a long-lasting transportation reforms during his state of the commonwealth address. >> we must reform and invest in transportation and infrastructure or job growth and quality family time will suffer. >> he wants to scrap the gas tax and then increase virginia's sales tax to help raise money for transportation projects. he says road maintenance costs will rise nearly $140 million a year if lawmakers don't pass it. >> afghan president hamid karzai making the rounds in d.c. he's scheduled to meet today with defense secretary leon panetta and secretary of state clinton. wednesday he met with lawmakers on capitol hill and tomorrow he will meet with president obama to disc
president obama is expected to nominate white house chief of staff jack lew as secretary of the treasury. he's known as a tough bargainer. some republicans complained that he has been too unyielding on negotiations. his signature will have to be emblazoned on u.s. dollar bills. but you might not be able to read it because his signature is notoriously illegible. >> virginia governor bob mcdonnell urged lawmakers to implement a long-lasting transportation reforms during his state of the...
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jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the office of management and budget and white house chief of staff. we are told it is all but a done deal for jack lew to replace timothy geithner as treasury secretary. lew has become a favorite of the president because he has sharp knowledge of the federal budget and his style is no drama. his confirmation would likely be taking place during some bruising budget fight and as congress considers increasing the nation's credit card the debt limit from the podium the white house press secretary has avoided getting ahead of mr. obama. >> i hav
jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the...
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. >> today the president will officially nominate jack lew for treasury secretary to replace tim geithner lew is federal budget expert and known to be a tough bargainer if confirmed by the senate, he would take the helm of the government may agency for economic and fiscal policy. just as we deal with the u.s. reaching its borrowing limit the debt ceiling. >> some republicans complained that he has been too unyielding in past this of negotiations. >> and big news regarding new mortgage rules being proposed james has more on that in a moment with more the consumer physical protection burn as rolled out new roles designed to ensure that mortgage borrowers can afford to repay the loans they take out. >> according to the rules, which take effect next year, lenders will be required to verify and inspect our financial records so and no more no doc loans out there. there will be prohibited from saddling world loan payments totaling more than 42 percent of the person's annual gross income. >> an interest only loans that helped inflate the housing bubble will be banned. >> still ahead on the kron 4
. >> today the president will officially nominate jack lew for treasury secretary to replace tim geithner lew is federal budget expert and known to be a tough bargainer if confirmed by the senate, he would take the helm of the government may agency for economic and fiscal policy. just as we deal with the u.s. reaching its borrowing limit the debt ceiling. >> some republicans complained that he has been too unyielding in past this of negotiations. >> and big news regarding new...
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speaking of jack lew, he may want to do something about his signature. right now it is a series of curly writing. his signature would be on every u.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one of each of those. at auto show starts at 10:00 and runs through -- at 10:00 this morning and runs through sunday. >> i'll take one for sal and one for me and you and steve. >>> if you want to get into your hot rod or whatever car you use, you need to give yourself some extra time in this commute. 680 southbound is going to be a little bit slow. there are no major problems if you are driving at the bay bridge toll plaza but seems a touch lighter than usual. and it's not all that bad on the bridge itself. traffic looks good, a little bit of wet roads and you might even encoun
speaking of jack lew, he may want to do something about his signature. right now it is a series of curly writing. his signature would be on every u.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one...
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jack lew gets the nod for new treasury secretary. senator jeff sessions is outraged and vowing to block lew's senate confirmation. he will join us to explain why. >>> why this flu epidemic is making our economy sick. experts say we're looking at a possible $10 billion hit on the economy from the flu. that is what we need. details are coming up. >>> how much is an oscar really worth to a movie? the 2013 academy award nominees are out. studios dropped 10 of millions of dollars on their oscar campaigns. a top industry expert is here to crunch the numbers. even when they say it's not, it is always about money. melissa: we start today with another school shooting. it happened at taft union high school in california. one student was shot. the sheriff says they have one suspect in custody. makes the meetings on gun control today, on capitol hill even more urgent. the fact that vice president joe biden met with the nra and other gun rights activists on possible new federal regulation. at the same time attorney general eric holder was talking
jack lew gets the nod for new treasury secretary. senator jeff sessions is outraged and vowing to block lew's senate confirmation. he will join us to explain why. >>> why this flu epidemic is making our economy sick. experts say we're looking at a possible $10 billion hit on the economy from the flu. that is what we need. details are coming up. >>> how much is an oscar really worth to a movie? the 2013 academy award nominees are out. studios dropped 10 of millions of dollars...
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what about now with jack lew? brian jacobson chief portfolio strategist at wells fargo joining us now from milwaukee wisconsin. at first look, what do you think? >> well, i think this is an example where we will probably see history not necessarily repeat but it will most likely rhyme with what happened when geithner made his first speech. i'm not all that confident that lew is going to be a good replacement for geithner. i think he's not a very unifying individual. he's more of a polarizing figure. and it makes it more likely that the next two years until the midterm elections that we could see more battles and skirmishes in washington, d.c. as opposed to fewer. dagen: what would you like to see as a stock investor? >> a treasury secretary who is more focused on building compromise. but think the lesson we learned in the debate last year when there was discussion about debt ceiling is that lew is one of these types of individuals who very politically savvy but that doesn't necessarily equate to being a statesman
what about now with jack lew? brian jacobson chief portfolio strategist at wells fargo joining us now from milwaukee wisconsin. at first look, what do you think? >> well, i think this is an example where we will probably see history not necessarily repeat but it will most likely rhyme with what happened when geithner made his first speech. i'm not all that confident that lew is going to be a good replacement for geithner. i think he's not a very unifying individual. he's more of a...
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asking gerri if a divided congress approves this man as treasury secretary, jack lew. as we break, going to the winners on s&p. coach, you know the bags, tiffany, you might know the diamonds. we'll be right back. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. you know it can be hard to lbreathe, and how that feels.e, make a difference. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen wit
asking gerri if a divided congress approves this man as treasury secretary, jack lew. as we break, going to the winners on s&p. coach, you know the bags, tiffany, you might know the diamonds. we'll be right back. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones,...
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that's now i knew about jack lew at the top of the list. same with these guys. they are lobbyists, talking directly to the white house. this is the short list that's being, you know, compiled right nor, and it looks like it's summers for the fed chairman or this guy, ferguson, and, by the way, it's early. names could change. this is what i have now, but my name list, my lists have been good. melissa: excellent. what else is excellent is the news on her ball life. >> there's a meeting, and herbal life, and calls is a pyramid scheme saying it's a company that should go to zero. upon city, whatever it is, it's bad. thinks it should be zero. the company is fighting back. they hired david boyce, a high profile attorney. they will have a meeting, and where's the investment? they are keeping it secret because of the press. the meetings' at the four seasons hotel at 50 and 57, i drink there regularly. this will be in the morning. by the way, great bar. melissa: that's the place to see to be seen. >> i thought you said cnbc. >> no, see and be seen, the place to go. >> no
that's now i knew about jack lew at the top of the list. same with these guys. they are lobbyists, talking directly to the white house. this is the short list that's being, you know, compiled right nor, and it looks like it's summers for the fed chairman or this guy, ferguson, and, by the way, it's early. names could change. this is what i have now, but my name list, my lists have been good. melissa: excellent. what else is excellent is the news on her ball life. >> there's a meeting, and...
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a source familiar with the process tells fox the reason is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned profits from betting against the subprime mortgage market and will be if the fed to confirm him in one predicts very contentious process. >> it is a bumpy confirmation process. many people have no secure treasury will tell them the truth both of financial conditions of this country and lay out a plan that can be analyzed and studied it will hold up under scrutiny. they haven't done that from the white house yet. he has had a failure to lead. speaking of the republican complaint, difficult to work with during 2011 debt ceiling debate, probably a plus for the president. i do. cheryl: probably why he d
a source familiar with the process tells fox the reason is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned...
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. >> in jack lew? >> that's right. the president can't pass major new legislation. he can't formulate major new programs right now. what he has to do now is bargain down or ride over these crazy people in the republican party. and we what we need now is not deep thinking from the treasury secretary. if the president wants deep thinkers, he can call joe stiglitz, he can call other people. what he needs from the treasury secretary is somebody who's going to be very effective at dealing with these wild men and making sure that nothing terrible happens. >> i understand that jack lew has depression art on his, the wall of his office, art done by the works progress administration. which would be a good sign for someone like you who believes the depression is back. >> that's, i have to say, the most reassuring thing i've heard about him. wpa, you know, they produced a lot of art, which i think it's almost inconceivable now. but also the wpa was one of the really good moments in american policy. in a time of economic disaster, hiring people, giving them jobs to do things th
. >> in jack lew? >> that's right. the president can't pass major new legislation. he can't formulate major new programs right now. what he has to do now is bargain down or ride over these crazy people in the republican party. and we what we need now is not deep thinking from the treasury secretary. if the president wants deep thinkers, he can call joe stiglitz, he can call other people. what he needs from the treasury secretary is somebody who's going to be very effective at...
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current chief of staff jack lew there on the left is now his nominee to be treasury secretary. his duties will include budget and tax policy as well as management of the debt. and the congressional black caucus is supporting oakland congresswoman barbara lee to take over the job as labor secretary. hilda solis announced she was leaving the post on wednesday. the 66-year-old lee has been serving the east bay in congress since 1998. >> in the south bay, student activists got high level exposure today when they met with a congressional leader over immigration reform. members of the group student advocates for higher education met with congresswoman zoe lofgren at her san jose office today, the minority chair of the house subcommittee on immigration. when lost gren was asked if meaningful immigration reform will happen this year, she suggested it's up to her republican counterparts. >> do they want to join with democrats and do top to bottom immigration reform or not? i can't make them do that. but if they care about the ture of their party, they'll make a decision to join with dem
current chief of staff jack lew there on the left is now his nominee to be treasury secretary. his duties will include budget and tax policy as well as management of the debt. and the congressional black caucus is supporting oakland congresswoman barbara lee to take over the job as labor secretary. hilda solis announced she was leaving the post on wednesday. the 66-year-old lee has been serving the east bay in congress since 1998. >> in the south bay, student activists got high level...
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jack lew. and here is what all the laughing was about. seems his signature is infamous. looks like a series of loops. the president joked they almost cost him the job. >> i never noticed jack's signature. when this was highlighted yesterday in the press i considered rescinding my offer to appoint him. jack assures me he will work to make at least one letter legible. >> the signature is on the lower right corner of all u.s. bills. >>> on wall street today, the dow is up 80 to 13,471. the nasdaq is up 15 at 3,121. the s&p is up 11 at 1,472. >>> the u.s. government unveiled sweeping new protection for future mortgage borerrers. i will require lenders to ensure a borer can pay back a loan. for most the rules will mean no more interest only mortgages. also no more loans that balloon over the years. and for the first time lenders will have to inspect and verify financial records. >> they will look at income, look at the ratio of their debt to income. they will make sure that the income is verified. the rules take effect in 2014. banks will have a better chance of shielding the
jack lew. and here is what all the laughing was about. seems his signature is infamous. looks like a series of loops. the president joked they almost cost him the job. >> i never noticed jack's signature. when this was highlighted yesterday in the press i considered rescinding my offer to appoint him. jack assures me he will work to make at least one letter legible. >> the signature is on the lower right corner of all u.s. bills. >>> on wall street today, the dow is up 80...
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this afternoon, president obama will nominate jack lew secede timothy geithner as secretary. he's currently the white house chief of staff and budget director. he will be nominated at 1:30 this afternoon and we'll stream it live on nbcwashington.com. don't miss it. >>> talk about funny money, cash may look loopy if lew is confirmed. doesn't this look like a scribble? it's his signature. the treasury secretary's signature appears on all printed money so these loops may pop up on fives, tens and 20's. outgoing treasury secretary timothy geithner's signature improved greatly when he took office. >>> the president is also now looking for a new labor secretary. hilda solace resigned yes and will likely return to california and run for a seat on the los angeles county board of supervisors. three say they'll stay on, attorney general eric holder health & human services secretary kathleen sebelius. look closely at president obama when he takes the oath of office during his second inauguration. you'll notice he'll have his hand on two bibles. one was used by abraham lincoln and the ot
this afternoon, president obama will nominate jack lew secede timothy geithner as secretary. he's currently the white house chief of staff and budget director. he will be nominated at 1:30 this afternoon and we'll stream it live on nbcwashington.com. don't miss it. >>> talk about funny money, cash may look loopy if lew is confirmed. doesn't this look like a scribble? it's his signature. the treasury secretary's signature appears on all printed money so these loops may pop up on fives,...
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he could announce as early as today that he will nominate jack lew to head the treasury. he's white house chief of staff now and served as budget director during the obama administration and clinton administrations. he would succeed timothy geithner who announced plans to step down at the end of the month. >>> president obama's already got another cab debtnition to fill. labor secretary hilda solis submitted her resignation yesterday. she said she decided ton serve during the second term after talking with her family and close friends. solis will likely return home to california and run for a seat on the los angeles county board of supervisors. president obama calls her a tireless champion for working families. >>> five militants dead in yet another drone attack in pakistan. intelligence sources say the drone fired four missiles at a house near the pakistan/afghanistan border. several people were also injured there. it is the fifth drone strike in north waziristan this year. about 40 militants have been killed in strikes including a senior al qaeda commander. >>> afghan p
he could announce as early as today that he will nominate jack lew to head the treasury. he's white house chief of staff now and served as budget director during the obama administration and clinton administrations. he would succeed timothy geithner who announced plans to step down at the end of the month. >>> president obama's already got another cab debtnition to fill. labor secretary hilda solis submitted her resignation yesterday. she said she decided ton serve during the second...